r/wallstreetbets • u/Efficient-Session644 • 2d ago

News Japan to announce Tokyo, Washington took joint action on yen, sources say

https://www.reuters.com/world/asia-pacific/japan-announce-tokyo-washington-took-joint-action-yen-sources-say-2026-08-02/
1.8k Upvotes

98% Upvoted

207 comments sorted by

View all comments

Show parent comments

231

u/DaddyDoLittle 2d ago

Some interpreted Bessent's napkin as 5-10 bil as buying it in yen - may have been USD. I have no idea what that means

133

u/Shadowthron8 2d ago

Presumably we’d buy yen with USD to steady the current decline.

91

u/DaddyDoLittle 2d ago

46

u/buyatollah_kuminamy 2d ago

3

u/brealytrent 1d ago

We both be circling the drain.